“The fact is a month of media barrage is painful, and it slowed a lot of things down,” he said, before marching in a Fourth of July parade in Clear Lake, Iowa. “Our numbers will not be as good as we would like, and candidly, the consultants left us in debt. But every single week since they left we’ve been cutting down the debt, and we raise more than we spend in a week.”

It's the first time Gingrich has confirmed that there will be a level of debt, which some former insiders have predicted to be as high as seven figures.

He is, as we reported yesterday, trying to slog his way back, and he predicted to the Times that his next round of fundraising would be "healthy."